@Sam
Thank you for this information.
Unfortunately, TurboxTax is still not calculating the tax correctly. I have tried your method multiple times to no avail.
Example - Say you took out the full $100k as a Covid-19 withdrawal and reported that amount on your 1099R. After you follow the Turbotax prompts to show that you qualify for the Covid-19 withdrawal, TurboTax removes the 10% penalty. However, it then shows that you owe tax on the entire $100k no matter what options you choose. If you say that you want to spread the tax over 3 years, the amount TurboTax says you owe in tax does not change. Even if you say you already paid back the entire $100k, the amount TurboTax says you owe does not change.
Definitely a glitch in the system right now. Hopefully corrected soon.
